J106402 RS All you need to know - The Bishops Avenue AW (4) - Flipbook - Page 20
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− Under Option 3, the Membership Fee is set 50% lower than Option 1 for each
apartment type. For example, the Membership Fee for a 2 bed apartment would
be £1,029.17, compared to £2,058.33 under Option 1. We refer to this as the “HalfPrice” Membership Fee option. This option is also 昀椀xed “for life” and will not increase
annually in line with in昀氀ation.
For all our Membership Fee options, when you sell your apartment, we increase the
Membership Fee in line with in昀氀ation.
References to “in line with in昀氀ation” means an increase based upon the previous
September’s Consumer Price Index or Average Weekly Earnings Index % 昀椀gures,
whichever is the highest. These are two consumer indices published monthly by the UK
Government’s O昀케ce of National Statistics, which track in昀氀ation in the United Kingdom.
If we want to change or add to the services for an additional cost, we will allow residents
to vote on the proposal 昀椀rst. We will only increase the Membership Fee if more than 50%
of residents vote in favour. This applies to all Membership Fee options.
What is included in the Membership Fee?
The Membership Fee covers the sta昀케ng, management and upkeep of the building and
the cost of utilities and services in the common areas.
The following services are covered by the Membership Fee:
Concierge services & Riverstone Club
• 24-hour concierge service including valet parking, managing visitor access, handling
deliveries, providing an emergency call response service and helping residents with
making bookings and reservations
• Access to basic IT support services
• A regular shuttle, Monday to Friday during daytime hours for local drop o昀昀s to public
transport links, local shops, or other nearby places of interest
• Access to all the amenities at our other Riverstone locations as part of the Riverstone Club
• Access to the many events and activities that Riverstone organises for residents
